Sports
Related: About this forumIt's Bobby Bonilla Day! July 1st $1.193 Million from the NY Mets
Bonilla played for the Mets in 1999. Braves 2000. Cardinals 2001.
He structured his one contract with the Mets to pay him $1.193 M a year on July 1st until 2035.
https://en.wikipedia.org/wiki/Bobby_Bonilla
nycbos
(6,038 posts)brush
(53,843 posts)underpants
(182,877 posts)I know that Albert Bell was being paid by the White Sox, Indians, and Orioles well after he was finished paying. Bobby Bo's is unique though.
brush
(53,843 posts)They're dealing such large sums up front it's smart to spread it out over years.
In basketball, what do think about Kevin Durant leaving 57m on the table from the Warriors to sign with the Nets for that much less? 57m. It's like the sums are so large they don't care about a few million here or there.
underpants
(182,877 posts)See link on post #8 here
https://www.democraticunderground.com/?com=view_post&forum=1204&pid=78557
Loge23
(3,922 posts)The Wilpons probably wish they could get him in the lineup, since they have to pay him anyway.
El Supremo
(20,365 posts)An investment account that grows and grows.
https://sportsday.dallasnews.com/texas-rangers/rangers/2016/08/07/rangers-40-million-remaining-obligation-alex-rodriguez-will-impact-business